YieldClub's Crypto Savings App: High-Yield DeFi Made Simple

What is YieldClub?

YieldClub is a mobile app designed to simplify high-yield crypto savings, allowing users to earn up to 12% APY on stablecoins with an intuitive platform.

How does YieldClub work?

YieldClub uses a sleek app interface and non-custodial model to let users easily convert cash to stablecoins and earn yield through audited DeFi protocols like Morpho.

Who founded YieldClub?

YieldClub was founded by CEO Mahesh Vellanki and CTO Michael Li, veterans from Rally and Kabam, aiming to demystify DeFi for mainstream users.

What makes YieldClub significant?

YieldClub makes DeFi’s high returns accessible to everyone with a simple, secure app, significantly outpacing traditional savings account yields.

Who invested in YieldClub’s pre-seed funding?

The $2.5M pre-seed round was backed by fintech and crypto investors like Pharsalus, Flex Capital, and angel investors including Kevin Chou and Sam Shank.

When will YieldClub be publicly available?

YieldClub is available now for preorder, with the public launch to be fueled by the recent pre-seed funding.

Where is YieldClub applicable?

YieldClub is particularly relevant in international markets like Brazil, where stablecoin adoption is growing rapidly.

What are YieldClub’s future plans?

Future plans include launching a debit card for spending stablecoin balances while earning yield and exploring tokenized stock offerings for international users.

How does YieldClub compare to traditional savings?

YieldClub offers significantly higher yields (up to 12% APY) compared to traditional savings accounts, with the added benefit of user control over funds in a non-custodial model.

How can I learn more about YieldClub?

For more information, visit YieldClub’s website or contact their team through the provided LinkedIn profile of CEO Mahesh Vellanki.